Maersk (Maersk) and Freighters International (PABOMI) have announced the opening of a consolidation centre in Modjo Dry Port, Ethiopia. The multi-purpose facility will help to simplify and optimise apparel and lifestyle customers’ supply chains – saving cost, reducing their speed to market, and bolstering competitivity. [Maersk launches new multi-purpose centre in Ethiopia – Port Technology]
Global trade is expected to lose momentum in the second half of 2022 with merchandise trade volumes predicted to decline in 2023, according to a new report from @wto, World Trade Organization, economists. The UN partner agency has cautioned against imposing trade restrictions which would ultimately result in slower growth and lower living standards.
In the third quarter of 2022, the stock prices of footwear companies and associated sectors monitored by Shoe Intelligence were on average virtually unchanged, falling by less than 3 percent when compared with the previous three months. [Stocks of Brazilian footwear manufacturers outperform in Q3 – Shoe Intelligence]
A less maniacal approach to one's profession and a greater regard for life outside of work is emerging under the name of "quiet quitting". The Guardian wrote that quiet quitting advocates reject the culture of the lust for work and limit themselves to performing only the tasks required of them. The trend is confirmed by a Gallup report. [here the report]
On the indirect consequences of war, such as economic ones with rising inflation: in the UK the first strike in 30 yearsof the workers of the port of Suffolk [Felixstowe: Dock workers strike for first time in 30 years – BBC]
Sourcing Journal informs that the Association for Supply Chain Management (ASCM) released the findings of its 2022 Supply Chain Salary and Career Report that found the supply chain sector was minimally impacted by the Great Resignation.
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